XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Revenues:        
Sales of alcoholic beverages $ 12,985 $ 11,044 $ 24,674 $ 21,449
Sales of food and merchandise 3,979 2,878 7,402 5,456
Service revenues 14,347 13,052 27,077 25,707
Other 1,559 1,754 3,140 3,257
Total revenues 32,870 28,728 62,293 55,869
Operating expenses:        
Cost of goods sold 4,041 3,495 7,788 6,881
Salaries and wages 6,854 6,149 13,431 12,187
Stock compensation 151 281 154 563
Other general and administrative:        
Taxes and permits 5,142 4,573 9,557 8,772
Charge card fees 449 342 877 716
Rent 1,156 783 2,384 1,353
Legal and professional 426 980 1,214 1,656
Advertising and marketing 1,406 1,162 2,691 2,271
Insurance 972 570 1,771 1,069
Utilities 646 552 1,241 1,041
Depreciation and amortization 1,513 1,318 2,906 2,646
Gain on sale of property (86) 0 (86) 0
Settlement of lawsuit 150 0 270 0
Other 2,591 2,353 5,022 4,631
Total operating expenses 25,411 22,558 49,220 43,786
Operating income 7,459 6,170 13,073 12,083
Other income (expense):        
Interest income 35 1 112 8
Interest expense (1,924) (1,762) (3,936) (3,405)
Gain on change in fair value of derivative instruments 0 1 0 1
Income before income taxes 5,570 4,410 9,249 8,687
Income taxes 1,922 1,612 3,245 3,189
Net income 3,648 2,798 6,004 5,498
Less: net (income) loss attributable to noncontrolling interests 74 (53) 121 (106)
Net income attributable to Rick’s Cabaret International, Inc. $ 3,722 $ 2,745 $ 6,125 $ 5,392
Basic earnings (loss) per share attributable to Rick's shareholders:        
Net income (in dollars per share) $ 0.39 $ 0.29 $ 0.64 $ 0.56
Diluted earnings (loss) per share attributable to Rick's shareholders:        
Net income (in dollars per share) $ 0.37 $ 0.29 $ 0.62 $ 0.56
Weighted average number of common shares outstanding:        
Basic (in shares) 9,661 9,514 9,604 9,544
Diluted (in shares) 10,853 9,988 10,763 9,871